The Global Smart Home Market is projected to grow at a CAGR of around 23.8% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the growing penetration of the internet & smartphones worldwide, coupled with the ever-increased focus of several countries on reducing carbon emissions & promoting the use of energy-efficient appliances & devices. Besides, the rising adoption of security cameras, video door alarms, facial-recognition devices, ultra-modern burglar alarms, and remote-controlled locks by households is another prominent aspect projecting a significant boost for the market.
Global Smart Home Market Research Report: Forecast (2023-2028)